Standard Life Investments sees first senior executive quit after merger plans unveiled
Standard Life Investments’ head of equities, David Cumming, is the asset manager’s first senior executive to exit the business following its merger with Aberdeen Asset Management.
The company said in a statement that Cumming was leaving to “pursue other interests”.
Cumming joined Standard Life Investments in 1998, becoming UK head of equities in 2000, and executive director in 2004.
Stan Pearson, who is currently head of European equities becomes acting head of equities, while director of equity research, Andrew Millington is to become acting head of UK equities.
Standard Life Investments chief investment officer, Rod Paris, said: “I would also like to thank David for his support and contribution to the business over the many years we have worked together, and wish him the very best.”
Aberdeen and Standard Life recently announced an £11bn deal to merge the firms and will become the UK’s largest active asset manager. The new group will be headquartered in Scotland, will "harness the talent in both companies to optimise the benefits for clients and shareholders,” Standard Life said.